Category: <span>Economy and Finance</span>

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Senate Committees
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Senate Committees

I have fulfilled the constitutional requirement on the process of the finance Bill by making painful decisions, Chairman Committee Islamabad : (VOM) The Senate Standing Committee on Finance Revenue and Economic Affairs finalized report on the Finance (Supplementary Bill), 2021, in the committee. Islamabad (VOM ) : A meeting of the Senate Standing Committee on...

Cabinet approves Strategic Trade Policy Framework (STPF) 2020-25
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Cabinet approves Strategic Trade Policy Framework (STPF) 2020-25

Islamabad: (VOM) The Cabinet approved the Strategic Trade Policy Framework (STPF) 2020-25. The STPF 2020-25 aims to enhance the ability of Pakistani enterprises’ capacity to produce, distribute and sell products and services as or more efficiently than their competitors. The following priority sectors have been identified under the STPF after studying the international demand trends...

Commerce
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Commerce

*Exports grew by 17.5% to $2.471 billion in October 2021* This is the highest ever export in any October in our history. Our export target for October 2021 was $2.6 billion Islamabad, Pakistan’s exports in Oct 2021 grew by 17.5% to $2.471 billion as compared to $2.104 billion in Oct 2020. This is the highest...

National Bank update
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National Bank update

NBP CYBER ATTACK UPDATE Karachi : Following the cyberattack on its IT infrastructure on the night of the 29th of October, NBP assures its customers that their financial data has not been compromsied and has remained protected, confidential and secured. The Bank has countered the threats and repaired the affected parts of its sytems. NBP...

Experts warn of looming climate change impacts in Pakistan
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Experts warn of looming climate change impacts in Pakistan

*Experts warn of looming climate change impacts in Pakistan* Karachi : Climatic changes are expected to have wide-ranging impacts such as reduced agricultural productivity, increased variability of water availability, increased coastal erosion, sea water incursion and increased frequency of extreme climatic events in Pakistan, experts have warned. Pakistan Humanitarian Forum provided a platform to leading...

Govt focusing to increase IT exports: Farrukh
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Govt focusing to increase IT exports: Farrukh

ISLAMABAD: (VOM) Minister of State for Information and Broadcasting Farrukh Habib said the incumbent government was focusing to increase Information Technology exports through imparting modern skills to youth. In the age of knowledge economy and e-commerce it was imperative to work exclusively on Information Technology to achieve set goals of progress and prosperity, he said....

Pakistan’s exports to Italy increase by 34 percent in first quarter of FY2022
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Pakistan’s exports to Italy increase by 34 percent in first quarter of FY2022

ISLAMABAD: (VOM) Pakistan’s Ambassador to Italy, Ambassador Jauhar Saleem on Thursday said that Pakistan’s exports to Italy have increased by 34 percent, during the first quarter of Financial Year 2021-22. Pakistani workers’ remittances from Italy increased 66.5 percent while Pakistan’s exports to Italy increased by 34 percent, during the first quarter of Financial Year 2021-22...

Finance Minister Tarin expresses hope for successful outcome of negotiations with IMF
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Finance Minister Tarin expresses hope for successful outcome of negotiations with IMF

ISLAMABAD: (VOM) Federal Minister for Finance and Revenue, Shaukat Tarin Thursday expressed hope for the successful outcome of top-level negotiations between Pakistan and the International Monetary Fund (IMF), for putting the $6 billion Extended Fund Facility (EFF) back on track. “I believe that the progress we have made to date is really encouraging and as...

Pakistan, Hungary to increase trade to $250 million
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Pakistan, Hungary to increase trade to $250 million

ISLAMABAD: (VOM) Ambassador of Hungary to Pakistan, Béla Fazekas on Wednesday pledged to increase bilateral trade with Pakistan to $250 million, paving new avenues for bilateral economic cooperation. The two countries had the potential for bilateral trade in a number of sectors that needed to be further explored and work needed to be done in...